Martin Lewis reveals savings rates have hit a HIGH and THIS is the account to choose

MARTIN LEWIS revealed savings rates have hit a high, and there are two particular accounts he recommends.

Speaking on This Morning, Martin said: “Savings rates have been dire the past few years, and a couple of weeks ago I mentioned one of the best ways to earn ‘high’ interest is by fixing your money (so you can’t access it), as then the highest one-year fix was 1.8 per cent and two-year fix was 2 per cent with Atom Bank.

“But now, rates have improved slightly and you can now fix for a year with OakNorth Bank at 1.86 per cent or two-years with Paragon Bank at 2.05 per cent - the highest rates we’ve seen in months.

“Check your own savings, you’ll likely be earning less than one per cent. Both banks are fully regulated which means in the unlikely event something goes wrong you get the full UK £85,000 per person, per institution savings safety guarantee.”

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From today you’ll now be able to stop spam charity calls to your phone

Martin Lewis, Money Saving Expert

Martin also advised how to stop nuisance charity spam calls. He said: “From today (Thursday 6 July) you’ll now be able to stop spam charity calls to your phone by registering (give your name and number) with the new Fundraising Preference Service (FPS) online or by calling 0300 3033 517.

“This has come on the back of 92 year old Olive Cook, who sadly killed herself after receiving up to 267 letters a month from charities as well as regular phone calls.

“Once registered it should take around 28-days for all charity calls to stop. But it won’t stop every call – only from those charities who spend at least £100,000/year in seeking donations – and even then you have to block each of these charities individually, you can’t simply opt out of all the charities in one go.

“If you’ve already signed up to the Telephone Preference Service (TPS) and Mail Preference Service (MPS) it’s still worth signing up to the FPS if you want to block certain charities too.”

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Martin Lewis revealed savings rates are climbing, and which accounts he thinks are best

ISA advice from Martin Lewis

ISA advice from Money Saving Expert Martin Lewis.

The Amazon Prime flash one-day sale is next week, and Martin had some information for those hoping to get their hands on a bargain.

He said: “On Monday from 6pm until midnight Tuesday, Amazon’s running its annual Prime day sale, which means it’ll be pumping out thousands of flash discounts for its Prime members only.

“It’s running two types of sales - 'Spotlight Deals' running from 6pm-11.59pm on Monday or all day on Tuesday and 'Lightning Deals', posted as often as every five minutes.

“Amazon won’t reveal its deals in advance, though hopefully Martin will have a heads up in the programme itself.

“As for who can get them, Prime membership costs £79/year and gives you next day delivery plus access to its streaming TV & film service.

“Yet even if you aren’t a member you can sign up to a free 30 day prime trial (as long as you’ve not had a Prime account before), and get access to the sale, then as long as you cancel within 30 days you won’t be charged the £79/year fee.

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Martin Lewis also explained how to opt out of spam charity phone calls

“Yet be careful not to be tempted into the short term nature of ‘I better buy it just in case’ this is all a big marketing ploy from Amazon, so don’t get sucked in by the hype and buy something you don’t need or can’t afford. And don’t assume the fact it’s in this sale means it’s cheaper than elsewhere.”

Finally, Martin had some good news for parents, as Aldi are selling a school uniform for just £5.

He said: “If your child’s school allows them to wear generic uniforms, which are plain coloured clothes with no unique school badges on it (in past polls I’ve done around 80 per cent of primary school children could wear all, or part generic/supermarket uniforms, in senior school, this figure’s around 40 per cent), then right now you can pre-order a full school uniform from Aldi for £5 – the cheapest currently available.

“You can get a sweatshirt for £1.40, 2-pack polo shirts for £1.65 and trousers or skirt for £1.95 (ages 3-11).

“It'll be available in stores from next Thursday (13 July), but stock is likely to sell out fast, so pre-order online now. For older children up to age 16, Asda has uniforms starting from £7.50 and Tesco from £9, though prices vary depending on size.”